RBI announces to inject liquidity of 12000 crore rupees in system<br/>

The Reserve Bank today announced another round of facility to inject liquidity of up to 12,000 crore rupees in the system, which is facing cash shortage due to the busy credit season and impending advance tax payments. Liquidity injection would be on December 15 through open market operations, under...

CEA pegs agri growth at 9%

Chief Economic Advisor to Finance Ministry Kaushik Basu has expressed optimism that farm sector may see 5 per cent growth in the country from October- December and January-March quarters. He said in New Delhi the overall economic growth was expected to cross 9 per cent. Basu, however, added that the...

PM in Berlin: Trade and beyond on agenda

CEA pegs agri growth at 9%

Chief Economic Advisor to Finance Ministry Kaushik Basu has expressed optimism that farm sector may see 5 per cent growth in the country from October- December and January-March quarters. He said in New Delhi the overall economic growth was expected to cross 9 per cent. Basu, however, added that the...

More bank hike lending & deposit rates

Punjab National Bank, Bank of Baroda and HDFC Bank have hiked their lending and deposit rates by up to 75 basis points.The statement issued by PNB in New Delhi said that the Bank has decided to revise the base rate by 50 basis points from 8.5 per cent to 9 per cent with effect from Monday. The base ...

Industrial output rises to 10.8% in October

Back in the double-digit growth after two months, the industrial output in October rose by 10.8 per cent on back of healthy performance of sectors such as automobile, electronic goods and power. The industrial production, which crossed 15 per cent in July, dipped to 6.91 per cent in August and furth...

Sensex up 267 pts, ends at 19,509

Snapping a 3 day loosing streak, the Sensex at the Bombay Stock Exchange today gained 267 points or 1.4 percent to close at 19,509, on the back of better than expected industrial growth numbers. The Nifty at the National Stock Exchange also recovered 91 points, or 1.6 per cent, to finish at 5,857.Th...

Reacting to the robust figures of Industrial growth, Finance Minister Pranab Mukherjee today said, the figures are quite encouraging. He said he hoped the trend will continue and achievement of double digit growth would be possible in the current fiscal itself. The Minister said, all the three impor...

European economy crisis may affect Indian Exports in future: Pranab<br/>

Finance Minister today cautioned that the crisis in European Economy may affect the Indian Exports in future. Mr Pranab Mukherjee said that high growth rate needs to be maintained to address the concerns of current account deficit which is pegged at three percent of the GDP at present. Addressing th...

Industrial production touches 10.8%

Back in the double-digit growth after two months, the industrial output in October rose by 10.8 per cent on back of healthy performance of sectors such as automobile, electronic goods and power. The industrial production, which crossed 15 per cent in July, dipped to 6.91 per cent in August and furth...